Today's Date: January 16, 2021
Unmet Need for Afterschool Programs Skyrockets in the Black Community, With Four Million Black Children Without the Access to Af   •   BET Announces Its Multiplatform Programming Strategy for Inauguration 2021   •   Birks Group Presents Its FY2021 Holiday Period Sales Results   •   Newkirk Zwagerman, PLC and Bogas & Koncius, PC: Michigan State University's Women's Varsity Swimming and Diving Team Files T   •   Clark Atlanta University President George T. French Jr. Ph.D. Recognized as one of Atlanta's 500 Most Powerful Leaders by "Atlan   •   Singer-Songwriter Baby Yors Drops Single & Video for Sex-Fueled Dance Anthem "Like A Gun"   •   American Lending Center Supports Small and Minority-Owned Businesses in Second Round PPP   •   Speech from the Governor General and Commander-in-Chief of Canada   •   Connecticut Water Files Application With Connecticut Public Utilities Regulatory Authority (PURA) to Amend Rates   •   Rivers Casino Philadelphia Resumes Indoor Dining on Saturday, Jan. 16, at Noon   •   NAELA Celebrates Passage of Latest COVID-19 Relief Package   •   San Carlos Apache Tribe Sues US Forest Service to Stop Resolution Copper Mine   •   Tractor Supply Company Appoints Joy Brown to Its Board of Directors   •   BET to Air Mega Night of Tyler Perry Must-Watch Originals With the Return of “Tyler Perry’s The Oval” and the   •   National Public Health Officials Join Rev. Sharpton, Rev. Butts and over 100 Leading Black Clergy to Convene on MLK Day to Confr   •   Tucson Senior Living Provider Splendido Wins Award for 'Best in Wellness'   •   Feinstein Institutes Awarded More Than $4M to Research Perinatal Depression   •   Latinx Voters Confident About Incoming Biden Administration; Pandemic & Economic Recovery Among Top Priorities, According to   •   Columbia Care Receives Provisional License for Adult Use at its Patriot Care Dispensary in Downtown Boston   •   My Eyelab is Now in Michigan: New Store in the Saginaw Area
Bookmark and Share

Health Care Law "Harms" Small Business Growth

 WASHINGTON —The health care law discourages economic growth among small and mid-sized businesses and disincentives higher wages, new hiring and robust employment benefits according to testimony by International Franchise Association member Gail Johnson, president and CEO of Rainbow Station, Inc.


Johnson shared her experience as an employer purchasing insurance coverage for teachers and staff now under the Patient Protection & Affordable Care Act (PPACA) during a hearing in the House Committee on Education & Workforce on “The Impact of the Health Care Law on the Economy, Employers, and the Workforce.” 

According to her testimony, the law is biased toward mandating coverage rather than providing meaningful cost control. “Over the next three years, it will force employers to decide between absorbing rising premiums versus paying tax penalties, ultimately slowing or stalling the growth of small and mid-sized businesses as we struggle with costly new requirements,” said Johnson.  

Highlights from the testimony: 

“Rainbow Station is already beginning to feel the impact of the new law. Since 1992, we have provided health insurance for faculty and staff and I have worked diligently to minimize out of pocket healthcare expenses for our employees. I make a concerted effort each year to keep co-pays low and ensure no deductibles for my staff. I want my employees to access the health care system with minimal financial barriers.

“Last month, everything changed. This year we will insure 84 lives at a cost of approximately $502,000.  If I changed nothing and renewed our policy from 2010, our policy premium would increase 18 percent.  This increase would drive the premium to nearly $593,000.  Due to the economic climate of the past two years, I could not afford to absorb this increase to our bottom line.

“For similarly sized workforces, our broker informed us that the baseline increase—or “trend”—is 12 percent per year.  This increase encompasses rising insurance, technology, medical, pharmaceutical and legal costs across the entire health care industry. Depending on plan design, our broker informed us an additional 3 to 5 percent increase could be expected due to the new mandates and administrative costs caused by PPACA effective this year. I had hoped that the law enacted last year would address these escalating costs, sadly it did not.”


About the International Franchise Association
The International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. Celebrating 50 years of excellence, education and advocacy, IFA protects, enhances and promotes franchising through government relations, public relations and educational programs. Through its awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the nearly 18 million jobs and $2.1 trillion of economic activity generated by franchising. IFA members include franchise companies in over 90 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.


STORY TAGS: GENERAL, BLACK NEWS, AFRICAN AMERICAN NEWS, LATINO NEWS, HISPANIC NEWS, MINORITY NEWS, CIVIL RIGHTS, DISCRIMINATION, RACISM, DIVERSITY, RACIAL EQUALITY, BIAS, EQUALITY



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News